EQS-News: ANDRITZ reports stable results for the first quarter of 2024
Donnerstag, 25.04.2024 07:30 von DGAP
EQS-News: Andritz AG / Key word(s): Quarter Results ANDRITZ reports stable results for the first quarter of 2024 25.04.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. GRAZ, APRIL 25, 2024. International technology group ANDRITZ saw a satisfactory business development in the first quarter of 2024. The revenue decreased slightly, but profitability remained stable and net income increased slightly compared to the first quarter of 2023. While total order intake declined from the high level of the previous year, orders for green technologies went up. ANDRITZ CEO Joachim Schönbeck stated, “Considering the increasingly difficult economic and geopolitical environment, we are satisfied with our business performance in the first quarter. The growth trend in our green products and service business shows that we are on the right track.” The Group’s revenue reached 1,886 million EUR (MEUR), a decrease of 4% compared to the first quarter of 2023. The EBITA margin remained at the level of Q1 2023 (8.1%) and net income increased by 1.6% compared to the first quarter of 2023. Order intake reached 1,950 MEUR, down 19% compared to Q1 2023. While order intake in the service business was good, the markets for capital goods were very weak across the industries served. The key financial figures developed as follows during the reporting period:
All figures according to IFRS. Due to the utilization of automatic calculation programs, differences can arise in the addition of rounded totals and percentages. MEUR = million euros. EUR = euros. – End – FOR FURTHER INFORMATION, PLEASE CONTACT: Niklas Jelinek External Communications Lead / Media Relations press@andritz.com andritz.com Matthias Pfeifenberger Head of Investor Relations investors@andritz.com andritz.com ANDRITZ GROUP International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. Sustainability is an integral part of the company’s business strategy and corporate culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ aims to make the greatest possible contribution to a sustainable future and help its customers achieve their sustainability goals. ANDRITZ is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydropower and Environment & Energy. Technological leadership and global presence are cornerstones of the group’s strategy, which is focused on long-term profitable growth. The publicly listed group has around 30,000 employees and over 280 locations in more than 80 countries. ANNUAL AND FINANCIAL REPORTS The annual and financial reports are available for download on the ANDRITZ web site at andritz.com. DISCLAIMER Certain statements contained in this press release constitute “forward-looking statements”. These statements, which contain the words “believe”, “intend”, “expect”, and words of a similar meaning, reflect the Executive Board’s beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. As a result, readers are cautioned not to place undue reliance on such forward-looking statements. The company disclaims any obligation to publicly announce the result of any revisions to the forward-looking statements made herein, except where it would be required to do so under applicable law.
25.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com |
Language: | English |
Company: | Andritz AG |
Stattegger Straße 18 | |
8045 Graz | |
Austria | |
Phone: | +43 (0)316 6902-0 |
Fax: | +43 (0)316 6902-415 |
E-mail: | welcome@andritz.com |
Internet: | www.andritz.com |
ISIN: | AT0000730007 |
Indices: | ATX |
Listed: | Vienna Stock Exchange (Official Market) |
EQS News ID: | 1888729 |
End of News | EQS News Service |
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1888729 25.04.2024 CET/CEST